10 important Benefits of Decision Support System (DSS)
A Decision Support System (DSS) is an Interactive Information System which may encompass Expert System (s), Artificial Intelligence / Business Intelligence whose function is to collect semi structured information (data), to analyze and to shape the data to form a model and presents the same in the form of various possible graphical decision making options to enable a management to take appropriate business decisions.
Following are 10 important benefits of a Decision Support System (DSS):
1. It takes care of human factor by using Artificial Intelligence and neural network.
2. Making business decision becomes very easy and speedy.
3. Wide variety of data types can be processed and results can be produced in desired format.
4. Many choices are proposed for making decision based on the same data.
5. It takes care of appropriate modeling and simulation.
6. Decision can be made on the basis of a particular model, a particular document, a particular set of data, a particular communication type, a particular knowledge type or combination of more than one of these.
7. Accuracy is the key feature of a DSS.
8. It can help in making decision for almost all kinds of business. What if and Goal seek are the key features of a DSS.
9. This is a tool of learning and organizational control for decision makers( Management).
10. Graphical and editable outputs make decision making further easy.
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